INNOVATIVE CARD TECH (NASDAQ: INVC) (NASDAQ:INVC) Stock Research Trends Targets and Technical Analysis - Nasdaq market [en]

Today we will analyze the stock INNOVATIVE CARD TECH (INVC) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in INNOVATIVE CARD TECH (INVC)
1- Last bullish trend was from 0.30 $ (2/23/2010) to 0.31 $ (2/25/2010) a 0.01 $ move 2- The current bearish trend started from 0.31 $ at 2/25/2010 and is currently trading at 0.30 $. 3- INVC current support level is at 0.30 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- INVC current resistance level is at 0.30 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
INNOVATIVE CARD TECH (INVC) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.310 .
7- The Stock formed a 0.110 $ height triangle which was broken down at 0.310, target of the pattern is 0.200.
INNOVATIVE CARD TECH (INVC) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.230 that failed, and formed a support .
9- The Stock was supported by a support line, identified by two points: 0.200 and 0.190 that was broken down at 0.300 transforming into a resistance line.
INNOVATIVE CARD TECH (INVC) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.230 that failed, and formed a support .
11- The Stock was supported by a support line, identified by two points: 0.200 and 0.190 that was broken down at 0.300 transforming into a resistance line.

Stock Trading Conclusion:
INNOVATIVE CARD TECH (INVC) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.300, 0.302, 0.304, 0.305, 0.306, 0.308, 0.310, 0.450.
Stock Support levels : 0.297, 0.294, 0.230,.